Incubator

The Next Generation of Business Incubator is Here

The business incubator concept is redefined at the RIC Centre, co-located with the Xerox Research Centre of Canada (XRCC) and GreenCentre Canada. RIC Centre’s strategic focus for 2017-18 is to work with innovators in the following range of sectors:

Advanced Manufacturing

Clean Technologies

Industrial Internet of Things (IIoT)

Companies in green chemistry sectors are eligible for additional services and funding through RIC’s partnership with GreenCentre Canada.

Traditional models of business accelerators are focused on companies in an early stage of idea development. Their mission is to help define and shape the idea in the hope that it might evolve into a viable business model.

RIC Centre Incubator recruits companies that have a viable business on the verge of launching to the next level of growth. Our mission is to define their path to market, in part, by exploring and securing partnerships that will open access to capital, to connections and to paying customers.

And the RIC Centre Business Incubator does not pursue an equity position in our client‘s businesses nor in the intellectual property they have developed.

Building Industry Connections, Accelerating Business Growth

The RIC Centre Incubator is a boutique offering that allows growing technology companies to work with our team of experts one-on-one to achieve a significant milestone. Since 2013, RIC Centre has helped over 700 startups raise over $240M in capital, generate over $115M in revenue, and create more than 650 jobs. RIC Centre is co-located with Xerox Research Centre of Canada, a global multinational, in an exclusive partnership to provide startups with access to office and lab space and accelerated business support. If you, or someone you know, is interested in joining the RIC Centre Incubator, you can apply online here.

What makes your company the right fit?

Nearly ready to launch your product (MVP, beta or commercial), or have already made sales (depending on industry)

Can realistically achieve a specific, significant business milestone in the next six months

Require office space to work from on a daily basis or lab space to conduct research and development

What does your company receive?

Private office space, lab space ( subject to approval case by case by XRCC at an additional fee) and access to meeting rooms (with up to 130 people capacity)

One-on-one mentorship with priority access to RIC Centre’s Entrepreneurs-in-Residence and Volunteer Advisors, dedicated to helping your startup reach it’s milestones by building a disruptive business model, developing a targeted sales and investor pitch, and providing industry and stage-specific best practices

Targeted feedback from our network of angel and VC group representatives to help make your company investable

GreenCentre Canada

For CleanTech companies in the RIC program, working with GreenCentre Canada offers additional resources to advance your company. GreenCentre is funded by the Province of Ontario to support companies developing products or processes that can:

Reduce the Greenhouse gas emissions

Reduce the amount of energy required to use a product or industrial process

Reduce the number required inputs or waste outputs

Enable changes to business models or processes that eliminate or reduce material transportation requirements

Specifically, GreenCentre’s IHC4 (InnovationHouse Chemistry Countering Climate Change) program offers sector focused chemistry technology development, intellectual property assessment, business development and commercial services including but not limited to the following:

Register for Entrepreneur Support

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Contact Us

RIC Centre is co-located with the Xerox Research Centre of Canada

RIC Centre
2660 Speakman Dr
Mississauga, ON
L5K 2L1

Register Now for Entrepreneur Support

In order to access the RIC Centre’s free services for technology entrepreneurs, complete the registration and intake process starting with this form. You will then be contacted within approximately 2-3 business days to arrange a brief phone call so we can evaluate your needs and determine the best way to move forward.